USDJPY Price Analysis – February 24 USDJPY pair is trading at daily highs past the 106.00 level while extending its upside bias further. After Fed Chair Jerome Powell on Tuesday reiterated a very dovish policy stance on the economy, the USD downside risk has more or less dissipated and the current movement is viewed as […]
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Polkadot is a next-generation blockchain protocol connecting multiple specialized blockchains into one unified network. This is a multi-chain technology, similar to Cosmos. It aims to improve the connectivity and scalability of blockchains linked to its “Relay Chain”. Many modern coins have been created using blockchain technologies to solve specific problems. On the other hand, Polkadot […]
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Key Support: 0.8549 Key Resistance: 0.8640 Long Term View The EURGBP has moved down 8.25% from the September 9th 2020 highs ia a very choppy way. This market lacks structure but key levels are very well respected. 1H Chart Analysis The EUR/GBP rejected a multiyear level of support (0.8550) which gave us a buy setup […]
Read moreDOGEUSD Price Analysis – February 24 The ‘Meme Coin’, Dogecoin (DOGE) price rebounded from the recent dip to $0.0408 in the prior day. Despite the recovery, DOGE is not out of the woods yet, especially with technical and on-chain barriers insight. At press time, DOGE is sitting at $0.0536 on the Binance exchange, the TradingView […]
Read moreThe United States Securities and Exchange Commission (SEC) has filed an amended complaint towards Ripple, alleging that it willfully misled investors with XRP. The amended complaint got filed just a few days before the pretrial hearing between the SEC and Ripple, which began on February 22. While it originally accused Ripple Labs and its top […]
Read moreS&P 500 Price Analysis – February 24 The S&P 500 picked up bids near the 3,856 level, up 0.20% during the European session on Wednesday. In doing so, the risk barometer rises for the first time in seven days. The market mood is mixed after a turbulent Tuesday – the Fed Chair Powell saved the […]
Read moreKey Resistance Levels: 1.4200, 1.4400, 1.4600Key Support Levels: 1.3400, 1.3200, 1.3000 USD/CAD Price Long-term Trend: BearishThe Loonie is on a downward move. The price broke level 1.2600 to resume the downward move. Nonetheless, on February 16 downtrend, a retraced candle body tested the 78.6% Fibonacci retracement level. The retracement indicates that the pair will fall […]
Read moreKey Support: 61.00 – 60.65 Key Resistance: 62.00 – 62.85 Long Term View After negative crude prices back in April 2020, price in WTI has rallied more than 1,000% and is now rejecting a previous low for a possible continuation. Historic Negative Prices Prices in $CL (crude futures) went negative in April 2020 because of […]
Read moreSTELLAR Price Analysis – February 24 The price will reach $0.22 and $0.16 provided the support level of $0.33 does not hold. In case the $0.33 holds, the price may increase to the resistance level at $0.50 and $0.57 if the $0.42 level permits. Meanwhile, the relative strength index period 14 is at 40 levels […]
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